Answer to Question #77252 in British Law for Robin Parker

2018-05-13T07:08:13-0400

Question #77252

As noted above Gru has one daughter, Ezmerelda. A keen amateur mathematician, Ezmerelda had forged a successful career in the City of London as a banker.

Ezmerelda Bendybatch and Julie Schwarz have been in a relationship for two decades. During this period, they took up occupancy in Carfax House, New Brighton. The house, which cost £3,000,000, was purchased by Ezmerelda in 2006 and conveyed into her and Julie’s joint names. £2,000,000 of the purchase price came from Ezmerelda’s high yield savings account at Routts Bank plc. The remaining £1,000,000 was provided by way of mortgage which as paid by both Julie and Ezmerelda.

In addition to Carfax House, the couple own a broad range of property. The couple own six buy-to-let properties in Bootle. These had also been conveyed into their joint names, even though Ezmerelda had provided the £700,000 required to buy the terrace houses.

Please advise the parties as to the beneficial ownership of their numerous properties.

Expert's answer

2018-05-13T07:08:14-0400

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